News and Information from Bond Buyer

Lawmakers will vote next week on a relief package agreed to by the governor and legislative leadership.

Seven measures totaling $400 million will go before voters in a state whose gubernatorial transition is on hold.

Federal Highway Administration officials have told the mass transit agency they would fast-track an environmental review process.

Muni yields have climbed double-digit basis points in a week but technicals remain strong. Refinitiv Lipper reports $1.96 billion of inflows into municipal bond mutual funds.

Republican Senators want municipal aid to be more targeted and avoid "bailouts."

Net revenues in the first six months were $5.19 billion. Without postponed income tax revenues from the prior fiscal year, this figure would have been $4.711 billion.

An influential voice said this week that an increase in the cost of private letter rulings is inconsistent with the Taxpayer Bill of Rights adopted by the IRS in 2014.

The city, struggling amid a pandemic-induced deficit, received a negative outlook from Kroll Bond Rating Agency ahead of the deal.

From the return of advanced refundings to a direct-pay bond option, Michael Decker and Brett Bolton highlight the work the Bond Dealers of America are focused on in 2021, and the challenges and ultimate resilience of the municipal market since the onslaught of COVID. Lynne Funk and Kyle Glazier host. (30 minutes)

The governor has formed an Office of Climate Action and the Green Economy, while committing $100 million for clean-energy initiatives that include vehicle electrification.

Gov. J.B. Pritzker's says potential federal funding relief would go first to pay down short-term debts likes its Federal Reserve borrowing and the state's bill backlog.

The municipal secondary gave way to higher-yields and triple-A benchmarks rose two to five basis points. U.S. Treasuries pared back Tuesday's losses, even on the heels of better economic data.

The consequences of not passing infrastructure legislation in the next few months may be dire.

Puerto Rico private sector employment had an even more serious contraction in 2020 on the island than it did in the United States as a whole.

The Federal Transit Administration rescinded a Trump administration policy that refused to count as a local cost-share the payments by New York and New Jersey on a proposed federal loan.

"We need to make realistic assumptions regarding our ability to achieve expected returns in the future," said North Carolina State Treasurer Dale Folwell.

Illinois will square off with lawyers representing John Tillman next month in his 2019 case seeking to void bonds issued to fund pensions and pay down bills.

Dealer groups say changes to FINRA rules should be cohesive with municipal rules.

Koster, who came over from Piper Sandler, worked as lead or sole manager on $6 billion in public finance deals.

With the U.S. Treasury sell off, municipal to UST ratios fell below 55% in 10-years.